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. the pentagon later i quit the request to stop the march first defense cuts from becoming reality, but senate and house republicans have altogether different view. fox news chief legal correspondent has our report. >> republicans made a pair of big statements today. the house g.o.p. today passed a measure: the president dismissed to congress by april 1 a budget that balances in 10 years. increasingly frustrated that the solution to decades of deficit spending is more taxation. >> the president doesn't believe we have a spending problem. he believes spending causes economic growth. if that were true, the economy today would be thriving. it isn't thriving. washington has to deal with its spending problem. i watched him kick the can down the road, i have had enough of it. >> a day after they dismissed the suggestion to again postpone tens of billions of dollars of mandatory spending cuts and other departments blooming under what is sequestration the defense secretary renewed his dire warnings. >> my greatest concern today is that we are putting our national security at risk by lurching from bud
suggesting the president should let the sequester happen to slice the pentagon's budget. telling the huffington post, i am in favor of the sequestered. it is tough on things that i care about a lot, but the fact of the matter is, you are not going to get another chance to cut the defense budget in the way that it needs to be cut. white house officials disagree. as does the outgoing defense secretary leon panetta warned such deep cuts could leave america with as second-rate military. lou: you will remember republicans were furious before the election and the white house was not complying with the warrant act which is a law that basically says employers need to warn employees about upcoming furloughs. the white house pushed back on all of that. now they are releasing those for loan notices. remember, people the 30-60 days in some cases on notices, which means these furloughs will take place until late april even though the sequester is supposed to take effect on march 1st which means they will have to find other cuts to replace all that says the actual notices were delayed. lou: th
elsewhere. dagen: selling drones to our allies. we will take you live to the pentagon. take a look at some of those stock plays in that sector today. drone stalks. ♪ dagen: every 15 minutes, we try. stocks now. >> it is the highest level ever. we will bring you straight to the board. it is up 6%. volume is pretty good. the s&p 500 is up for seven weeks in a row. we have only seen that happened 22 times. as we are right now at 1527, we are 49 points from our highest level ever in history for the broader market. connell: thank you very much, lauren. the republican party looking for essentially a bigger business model. ideas on how to put it together. >> you set the bar very high. connell: this is about youth voters. the president basically dominated the youth vote. voters under 30. we will talk in a moment about how he fixes that. you have three specific ideas. this is a problem that a lot of people have set up. the republican party was kind of outdated, the money ball era of politics are here. you have three ideas. understand how media consumption has changed. >> for young people, they ar
to point out that from the very first time he was in office, he issued gag orders at the pentagon where nobody could even talk about the implications of those cuts. and his latest this week, he issued again memorandums that tell people they cannot talk about the reality of the cuts that are there. lori: we do have some quantitative data from the department of treasury, congressman, on the rate of defense spending, and we do know that it has risen of the last decade by 54%. that is inflation adjusted, obviously we have had it worse in iraq in afghanistan. obviously george w. bush was the president, but it also includes the increase in defense spending and the president obama. there is a case to be made, there is a lot of fat and the department of defense. cuts need to be made. it is i time. >> laurie, there is no question about that. there is that the department of defense and we're working on that in the to continue to work on that. sequestration is not going to get the fat. it is getting a programs that we desperately need doing in an arbitrary way. let me just address that 54 percent
with the deejaying today. the pentagon taking action, it is postponing deployment of two warship toss the persian gulf. that will leave just one aircraft carrier, the uss john c. stennis,ing in the entire middle east region. this begs the question what are we risking by doing this? chris armor is senior naval analyst with the institute for the study of war. chris, welcome back to the show. what -- how dangerous is this? what does this mean to you? >> melissa, thanks for having me. it's a pleasure to be here. yes, it's a big deal. when people hear about it, they simply say, okay, the cut from two carriers to one doesn't seem like a big deal million you understand the broad -- until you understand the broader context in the middle east. over the past three years, we've seen a steep decline in the american ground forces across the middle east. we've withdrawn, essentially, all of our troops from iraq, we're on the way from withdrawing from afghanistan, so really what we're talking about is the navy is there to check against iranian ambition. with two carrier strike groups in the area, we've got a ve
the pentagon as outlined a series of major spending cuts that will kick in march 1st unless the president and congress reach a spending bill to avoid sequestration. many worry is to have a devastating effect of military. our very own willis joins us now. >> at least 1 trillion. and the cells of what this would look like. perez's cat. a third reduction on aircraft maintenance, elimination of airshows. cuts in funding for army intelligence surveillance aircraft and equipment. that is something you expect. just buy more than half the number of flying hours for planes on carriers in the mideast. is really starting to get that power protected, who is out there on our behalf, how many folks are really in harm's way watching out for our interest. tracy: we talked about how technology jobs and the military will be cut. that means we're not coming up with new ideas to protect ourselves from the bad guys. >> the debate over the sequestered, as you know, which has been ongoing. the big deal with republicans, republicans him as they said yesterday, the split, the not sure what to do the arms services
. the house republicans are putting in a provision that will give agency heads especially at the pentagon the flexibility to decide how cuts are to be administered. the white house is resisting that. this is the empire, the empire striking back, stuart. big bloated government is going to fight for every penny it can get. even though it's only a penny on the dollar they're going to fight fiercely for it they know if it's done once it might be done again. stuart: let me summarize this. we would have these cuts in place until the end of march, and then, because we need to organize our government finances. >> because we haven't had a budget. stuart: we haven't had a budget, those cuts would stay in place and still be cutting the budget, but agency heads would be allowed to say we'll cut the conference budget, we won't cut personnel. >> yes. stuart: we'll cut the school janitor, but not the teacher say that after march 27th. >> that's what the republicans are moving toward. stuart: i can't see how the president could resist that. >> he wants to resist because the cuts would take place, for onc
Search Results 0 to 9 of about 10 (some duplicates have been removed)

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